Economy

The Fifth Third Bancorp (FITB) to Release Quarterly Earnings on Thursday

Meanwhile, the average 12-month price target from Wall Street analysts is now $28.39, this means that the stock is overpriced by -1.62%. Wedbush also issued estimates for Fifth Third Bancorp's Q2 2018 earnings at $0.49 EPS and FY2018 earnings at $2.08 EPS. Guggenheim downgraded the shares of FITB in report on Wednesday, October 21 to "Neutral" rating. Robert W. Baird downgraded shares of Fifth Third Bancorp from a "neutral" rating to an "underperform" rating and set a $24.00 price target on the stock.in a research note on Monday, October 2nd. The stock has "Sell" rating by UBS on Friday, October 6. Fifth Third Bancorp presently has an average rating of "Hold" and a consensus price target of $28.28. If you are accessing this story on another site, it was illegally stolen and reposted in violation of global copyright legislation. The legal version of this piece can be read at https://stocknewstimes.com/2017/10/26/jefferies-group-weighs-in-on-fifth-third-bancorps-q1-2018-earnings-fitb.html.

Fifth Third Bancorp (NASDAQ:FITB) last posted its earnings results on Tuesday, October 24th.

Becton, Dickinson and Company (NYSE:BDX) ended its day at $209.84 with the rising stream of -0.26% and its total traded volume was 1.92 million shares more than the average volume. Fifth Third Bancorp has a 52-week low of $13.84 and a 52-week high of $21.14. The stock is now moving above its 20-Day Simple Moving Average of 2.4% with a 50-Day Simple Moving Average of 6.16 percent. The company maintains price to book ratio of 0.00 vs.an industry average at 0.54. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The Return on Equity (ROE) value stands at 9.8%. This movement could be bad/good signal for few investors as firm is showing performance for the quarter as 0.89%. BlackRock Inc. now owns 48,949,216 shares of the financial services provider's stock worth $1,243,309,000 after purchasing an additional 47,483,352 shares in the last quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC now owns 37,830 shares of the financial services provider's stock worth $666,000 after buying an additional 19,706 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Fifth Third Bancorp by 108.7% in the second quarter. Dimensional Fund Advisors LP raised its holdings in Fifth Third Bancorp by 4.3% in the second quarter. Korea Investment CORP now owns 269,823 shares of the financial services provider's stock worth $7,550,000 after buying an additional 5,700 shares during the period. First Midwest Bank Trust Division boosted its position in shares of Fifth Third Bancorp by 6.7% in the third quarter. In addition, the company provides credit life, accident, health and mortgage insurance, discount brokerage services and property management for its properties.

The company now has an insider ownership of 0.2 Percent and Institutional ownership of 81 Percent. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Businesswire.com and their article: "Fifth Third Bank Contributes $50K to Support Hurricane Relief Efforts in ..." published on October 18, 2017 as well as Seekingalpha.com's news article titled: "More on Fifth Third's Q3 beat" with publication date: October 24, 2017. The shares were sold at an average price of $26.21, for a total transaction of $183,574.84. Following the transaction, the executive vice president now directly owns 71,793 shares in the company, valued at approximately $1,881,694.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Shareholders of record on Friday, September 29th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. Jfs Wealth Lc stated it has 0.07% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). The company has a market cap of $21.25 billion, a PE ratio of 14.62 and a beta of 1.37. This repurchase authorization allows the financial services provider to purchase up to 67% of its stock through open market purchases.



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